China’s decision to squeeze speculators out of its currency is causing pain for local companies and individual investors. The yuan fell on Monday to its lowest level in 10 months against the dollar after the government over the weekend doubled the currency’s daily trading range. The decision, foreshadowed by months of hints by Chinese officials, […]

The tightly controlled Chinese yuan will eventually supersede the dollar as the top international reserve currency, according to a new poll of institutional investors. The survey of 200 institutional investors – 100 headquartered in mainland China and 100 outside of it – published by State Street and the Economist Intelligence Unit on Thursday found 53 percent of […]

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